What is inventory performance monitoring? Why is it so important? How does it affect business work flow? As a successful leader, you need to understand the basics of performance measurement. This is crucial and applies to all businesses. Setup the appropriate analytics and monitoring systems. What information do you retrieve from your financial statements? Be surprised with the amount of information hidden. One proviso is that your Chart of Accounts is setup correctly. Inventory performance monitoring includes the monitoring of price. This can be for product or services. Use the ChangeBoard to see how a 1% increase in price can change your Profit.
18Jul
Manage Workflow and the Local Optima Problem
It is a very widely held belief in business that each station in a production line should be working as hard as it can in order to maximise its efficiency. This might be a car assembly line or an accountant's office processing tax returns using several different stages in the accounting...